Production of Total Construction in Russian Federation
RUSPROCONQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.25
Year-over-Year Change
-17.13%
Date Range
1/1/2004 - 7/1/2018
Summary
This economic trend measures the total production of construction in the Russian Federation, a key indicator of economic activity and investment in the country's infrastructure.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Production of Total Construction in Russian Federation represents the output of the construction industry, which includes residential, commercial, and infrastructure projects. This data series is widely used by economists and policymakers to assess the health and trajectory of the Russian economy.
Methodology
The data is collected and reported by the Federal State Statistics Service of the Russian Federation.
Historical Context
This trend is closely monitored by government officials, investors, and international organizations to gauge Russia's economic performance and development.
Key Facts
- Construction accounts for approximately 6% of Russia's GDP.
- The construction industry employs over 6 million people in Russia.
- Russia's construction output has grown by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total production and output of the construction industry in the Russian Federation, including residential, commercial, and infrastructure projects.
Q: Why is this trend relevant for users or analysts?
A: The production of construction is a key indicator of economic activity, investment, and development in Russia. This data is closely monitored by economists, policymakers, and investors to assess the health and trajectory of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal State Statistics Service of the Russian Federation.
Q: How is this trend used in economic policy?
A: Government officials, central banks, and international organizations use this construction data to inform economic policies, investment decisions, and assessments of Russia's infrastructure development and growth prospects.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Production of Total Construction in Russian Federation (RUSPROCONQISMEI), retrieved from FRED.